I am saying, based upon the law of the United States, that any surplus in these funds is "used" and goes directly to the general fund, that there is no trust fund in that to be looted, to be raided. It is a series of great stack of IOU's. That is what we have here.
Alan Simpson: “I am saying, based upon the law of the United States, that any surplus in these funds is "used" and goes directly to the…”
On the recordJune 7, 1996
Source
govinfo.govEditor's note · Context
Discussing the allocation of surplus funds during a Senate debate.
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